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Islamic Finance Briefing - Categorized | Banking, Performance more

QFIB reports 15-fold jump in 2010 income

Posted on 25 April 2011

Qatar First Investment Bank (QFIB), which is planning to list on the Qatar Exchange (QE), has reported a 15-fold jump in its net income to $22.79mn in 2010 mainly on more than doubled revenue from non-banking.
The Qatar Financial Centre Regulatory Authority-licensed Shariah-principled investment bank has upgraded its licence from Category 2 to Category 5 enabling it to broaden the product offering, which include raising Shariah-compliant deposits and financing……………………………………….Full Article: Source

 
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